How a 75-Year-Old TV Network Survived the Cord-Cutting Era

In this episode of The Turnaround Podcast, Lucas and Luna explore how a 75-year-old broadcast television network — one of the original Big Three — survived the cord-cutting crisis that gutted the industry. Using the specific case of ABC's transition from affiliate-fee dependency to a streaming-first model, they dissect the 2019 pivot that cut $1.2 billion in retransmission revenue and the financial restructuring that followed. Along the way, they reference today's market context, including the S&P 500 at 7,424 and the impact of the SpaceX $2 trillion market debut on investor sentiment toward legacy media. The conversation drills into the network's debt restructuring, its embrace of a hybrid ad-supported streaming service, and the single decision that turned a 50 percent stock drop into a steady recovery. A candid mid-episode sidebar covers how listener support through buy me a coffee dot com slash fexingo keeps the show ad-free and independent. #TVNetwork #CordCutting #Broadcast #Struggle #Turnaround #Streaming #AffiliateRevenue #DebtRestructuring #ABC #Disney #Hulu #AdSupported #LinearTV #Retransmission #BusinessResilience #Media #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo